WatersTechnology: GTCR Agrees to Sale of DASH

By Jen Fagenson

March 7, 2018

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DASH co-founders Peter Maragos and David Karat, with the backing of private-equity firm Flexpoint Ford, have acquired the company from private equity firm GTCR in a management-led buyout writes Anthony Malakian of WatersTechnology.

Maragos will remain as CEO and Karat will stay in his current role as Chief Creative Officer. Flexpoint managing director Steven Begleiter will serve as the company’s non-executive chairman and will be joined on the board by Daniel Edelman, principal of Flexpoint. Financial terms of the deal were not disclosed.

“David and I believe very strongly in the business and team we have here,” Maragos tells WatersTechnology. “I’m 41, David’s 45, and we’re both very passionate about what we’re doing, so ultimately this was about partnering with a financial sponsor who not only shares our passion for the business, but also has a long-term time horizon that matches ours.”

To read the full article, click here.